A man sells an article at a loss of 10%. If the cost price is Rs. 550, what is the selling price? MCQ with Answer and Explanation

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A man sells an article at a loss of 10%. If the cost price is Rs. 550, what is the selling price?

A. Rs. 505

B. Rs. 500

C. Rs. 485

D. Rs. 495

Answer: Option D

Solution (By JKSSB Mock Tests)

Loss = 10% of 550 = 55, SP = 550 - 55 = 495.

This question belongs to: Maths Profit And Loss

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Question #1

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If a man sells an article at a gain of 15%, he gets Rs. 45 more than when he sells at a loss of 10%. Find the cost price.

A. Rs. 220

B. Rs. 160

C. Rs. 200

D. Rs. 180

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Correct Answer: Option D

Explanation:
Let CP = x. 1.15x - 0.9x = 45 => 0.25x = 45 => x = 180.

This question belongs to: Maths Profit And Loss

Question #2

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If the selling price of an article is Rs. 468 and the profit is 30%, find the cost price.

A. Rs. 340

B. Rs. 380

C. Rs. 400

D. Rs. 360

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Correct Answer: Option D

Explanation:
CP = 468 / 1.30 = 360.

This question belongs to: Maths Profit And Loss

Question #3

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A vendor buys bananas at 6 for Rs. 5 and sells them at 5 for Rs. 6. If his total profit is Rs. 55, find the total number of bananas bought.

A. 150

B. 180

C. 200

D. 120

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Correct Answer: Option A

Explanation:
Cost Price of 30 bananas = 5 * 5 = 25. Selling Price of 30 bananas = 6 * 6 = 36. Profit on 30 bananas = 11. Total profit is 55, which is 5 times 11. Total bananas = 30 * 5 = 150.

This question belongs to: Maths Profit And Loss

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